457(b) Plan Lets Counties Pick and Choose Options



Nationwide empowers counties to pick and choose from among new 457(b) plan optionsNationwide Retirement Solutions, provider of the NACo Deferred Compensation Program, has just launched new and enhanced plan options, specifically created for plans with assets between $500,000 and $25 million. These new plan options are available to current plan sponsors of the NACo Deferred Compensation Program as well as counties considering the Program.The new options respond to counties’ needs for greater flexibility to choose the pricing, investments and fiduciary support they’re looking for. Nationwide’s new 457(b) offering includes:Potential for zero asset management chargeInvestment menu selection, including ongoing monitoring and reportingFiduciary support of the investment menu at no additional cost Access to a guaranteed fixed account with a competitive crediting rateFlexible pricing The opportunity for zero asset management charge responds to requests from some plan sponsors and participants. For plans that select this option, Nationwide’s fixed account yield would be adjusted, but should still be competitive in the marketplace. For counties that prefer a higher fixed account yield, Nationwide offers a new plan option that continues to meet that need and offers competitive asset fees. Integrated fiduciary solutionsCounty plan sponsors that choose one of the new 457(b) plan options from Nationwide will receive the Investment Fiduciary Services, provided by Morningstar Associates, at no extra charge to the plan or its participants. The service includes:Investment selection by an objective third party A diversified menu of proprietary and third-party investment optionsMonitoring and due diligence of investment optionsA sample Investment Policy Statement that can be adopted by the planQuarterly and annual reports detailing investment performanceFew fiduciary programs offer the depth of service that the Morningstar Fiduciary Services provides. When plan sponsors enroll in the program, they will receive a prudent investment management process, which includes identification of what Morningstar Associates believes to be high quality funds and ongoing monitoring of the funds.Morningstar Associates, in combination with Morningstar, Inc.’s other registered investment advisors, has been offering this service for 10 years, and currently provides it to more than 6,700 public and private sector retirement plans with more than $17 billion in assets under advisement and management. *Current plan sponsors of the NACo Deferred Compensation Program, as well as counties considering the Program, should contact their Nationwide representative or call 877-496-1630, for more information about these new plan options.Tools to promote retirement savingsNationwide continues to provide local, in-person participant education and support, and provides promotional tools counties can use to help employees become more aware of the benefits of deferred compensation participation, especially the NACo Deferred Compensation Program. To learn more about the NACo Deferred Compensation Program, and how promoting deferred compensation can benefit county employees, contact Lisa Cole by email at lcole@ or phone at 202-942-4270.This article was prepared by: Bob Beasley, Communications Consultant, Nationwide Retirement Solutions, 614-435-8096 ? beasler@ Nationwide Retirement Solutions (Nationwide) makes payments to the National Association of Counties (NACo), NACo RMA LLC and the NACo Financial Services Center Partnership (FSC) for services and endorsements that NACo provides for all its members generally related to Nationwide’s products and services sold exclusively in public sector retirement markets. More detail about these payments is available at .Investment advisory services are provided by Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Neither Morningstar Associates, LLC nor Morningstar, Inc. is affiliated with Nationwide or its affiliates. The Morningstar name and logo are registered marks of Morningstar, Inc.Fixed account guarantees are subject to the claims-paying ability of Nationwide Life Insurance Company, Columbus, Ohio.Retirement Specialists are registered representatives of Nationwide Investment Services Corporation: Member FINRA. In MI only, Nationwide Investment Svcs. Corporation. Nationwide Retirement Specialists cannot offer investment, tax or legal advice. You should consult your own counsel before making retirement plan decisions.? 2013 Nationwide Retirement Solutions. Nationwide, the Nationwide framemark, and On Your Side are service marks of Nationwide Mutual Insurance Company.NRM-9652AO-NX.1 (05/2013)*Data as of Dec. 31, 2012. Includes Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, OBSR Advisory Services, and Ibbotson Australia. ................
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